UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
[Rule 13d-101]
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO ss. 24.13d-1(a) AND
AMENDMENT THERETO FILED PURSUANT TO ss. 240.13D-2(a)
GOLDEN MINERALS COMPANY
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
381119106
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(CUSIP Number)
Alan Jeffrey Buick Jr.
30 West 15th Street, No. 7S
New York, New York 10011
(646) 717-4155
With a copy to:
Robert Grundstein, Esq.
Katten Muchin Rosenman LLP
575 Madison Avenue
New York, New York 10022
(212) 940-8800
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
May 21, 2009
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box .
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See ss. 240.13d-7 for
other parties to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 14 Pages)
SCHEDULE 13D
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CUSIP No.381119106
Page 2 of 11 Pages
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--------- --------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Alan Jeffrey Buick Jr.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
--------- --------------------------------------------------------------------------------------------------------------------------
3
SEC USE ONLY
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SOURCE OF FUNDS
4
AF
--------- --------------------------------------------------------------------------------------------------------------------------
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
--------- --------------------------------------------------------------------------------------------------------------------------
6
CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------- ---------- ---------------------------------------------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING 7 SOLE VOTING POWER
PERSON
WITH 0
---------- ---------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
604,565 Shares
---------- ---------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------- ---------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 604,565 Shares
--------- --------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
604,565 Shares
--------- --------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------- --------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2349% (1)
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14 TYPE OF REPORTING PERSON
IN
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(1)Based on 2,987,735 outstanding shares of Common Stock of the Company as of May 11, 2009, as reported in the Company's Quarterly
Report on Form 10-Q, filed with the Securities and Exchange Commission on May 11, 2009.
SCHEDULE 13D
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CUSIP No. 381119106
Page 3 of 11 Pages
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--------- --------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Trishield Partners LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_|
(b) |X|
--------- --------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
--------- --------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_|
--------- --------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ---------- ---------------------------------------------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH 7 SOLE VOTING POWER
REPORTING
PERSON
WITH 0
---------- ---------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
604,565 Shares
---------- ---------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
---------- ---------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
604,565 Shares
--------- --------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
604,565 Shares
--------- --------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* |_|
--------- --------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2349% (2)
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14 TYPE OF REPORTING PERSON
OO
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(2) See footnote (1) above.
SCHEDULE 13D
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CUSIP No. 381119106
Page 4 of 11 Pages
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--------- -------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
Trishield Capital Management LLC
--------- -------------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP
2 (a) |_|
(b) |X|
--------- -------------------------------------------------------------------------------------------------------------------------
3
SEC USE ONLY
--------- -------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF
--------- -------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or
2(e) |_| |_|
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6
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ---------- --------------------------------------------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH 7 SOLE VOTING POWER
REPORTING 0
PERSON
WITH
---------- --------------------------------------------------------------------------------------------------
SHARED VOTING POWER
8 604,565 Shares
---------- --------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
9 0
---------- --------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 604,565 Shares
--------- -------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
604,565 Shares
--------- -------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
--------- -------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2349 % (3)
--------- -------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
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(3) See footnote (1) above.
SCHEDULE 13D
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CUSIP No. 381119106
Page 5 of 11 Pages
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--------- -------------------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
Trishield Distressed Securities Fund LLC
--------- -------------------------------------------------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP
2 (a) |_|
(b) |X|
--------- -------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or
2(e) |_| |_|
--------- -------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------- ---------- --------------------------------------------------------------------------------------------------
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH SOLE VOTING POWER
REPORTING 7 0
PERSON
WITH
---------- --------------------------------------------------------------------------------------------------
SHARED VOTING POWER
8 604,565 Shares
---------- --------------------------------------------------------------------------------------------------
SOLE DISPOSITIVE POWER
9 0
---------- --------------------------------------------------------------------------------------------------
SHARED DISPOSITIVE POWER
10 604,565 Shares
--------- -------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
604,565 Shares
--------- -------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* |_|
--------- -------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2349% (4)
--------- -------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
--------- -------------------------------------------------------------------------------------------------------------------------
(4) See footnote (1) above.
CUSIP No. 381119106 Page 6 of 11 Pages
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This Schedule 13D is filed by (i) Alan Jeffrey Buick Jr., a natural person
("Buick"), (ii) Trishield Partners LLC ("Trishield Partners"), (iii) Trishield
Capital Management LLC ("Trishield Capital") and (iv) Trishield Distressed
Securities Fund LLC ("Trishield Fund" and collectively with Buick, Trishield
Partners and Trishield Capital, the "Reporting Persons") with respect to the
securities of Golden Minerals Company.
Item 1. Security and Issuer
This Statement on Schedule 13D relates to the common stock, par value $0.01 per
share (the "Common Stock") of Golden Minerals Company (the "Company"), a
Delaware corporation. The address of the Company's principal executive offices
is 1700 Lincoln Street, Suite 3050, Denver, Colorado 80230.
Item 2. Identity and Background
(a) This Statement is filed as a joint statement pursuant to Rule
13d-1(k)promulgated under the Securities Exchange Act of 1934, as amended
(the "Exchange Act") by the Reporting Persons.
(b) The address of the principal business and/or principal office of each of
Buick, Trishield Partners, Trishield Capital and Trishield Fund is 30 West
15th Street, No. 7S, New York, New York 10011.
(c) Buick is the managing member of each of Trishield Partners and Trishield
Capital. Trishield Partners is the managing member of Trishield Fund.
Trishield Capital is the investment manager of Trishield Fund. Trishield
Fund purchases, holds and sells securities and other investment products.
(d) During the last five years, none of the Reporting Persons has been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, none of the Reporting Persons has been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and, as a result of such proceeding, was or is subject to a
judgment, decree or final order enjoining future violations of or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
(f) Buick is a citizen of the United States. Trishield Partners, Trishield
Capital and Trishield Fund are each organized under the laws of Delaware.
The Reporting Persons have entered into a Joint Filing Agreement, dated as of
June 22, 2009, a copy of which is attached hereto as Exhibit 99.1.
CUSIP No. 381119106 Page 7 of 11 Pages
Item 3. Source and Amount of Funds or Other Consideration.
Pursuant to various purchases between May 29, 2008 and February 2, 2009 by
Trishield Fund that utilized available cash assets in the aggregate amount of
approximately $3,036,618, as of February 2, 2009 Trishield held a notional
amount of $9,765,00 Apex Silver Mines Limited 2.875% convertible notes maturing
on March 15, 2024 and a notional amount of $4,500,000 Apex Silver Mines Limited
4.0% convertible notes maturing on September 15, 2024 (collectively, the
"Convertible Notes"). Apex Silver Mines Limited was the predecessor to the
Company. Pursuant to Apex Silver Mines Limited's plan of reorganization which
became effective on March 24, 2009, the Convertible Notes held by Trishield Fund
were converted into 146,739 shares of Common Stock of the Company.
Trishield Fund utilized available cash assets in the aggregate amount of
approximately $721,977 to acquire the additional 457,826 shares of Common Stock
of the Company reported herein as being held by it. Funds for the purchase of
the Common Stock of the Company were derived from general working capital.
Item 4. Purpose of Transaction.
The Reporting Persons purchased the shares of Common Stock of the Company for
investment purposes.
Except as set forth herein, the Reporting Persons have no present plans or
proposals that would result in or relate to any of the transactions or changes
listed in Items 4(a) through 4(j) of Schedule 13D.
Item 5. Interest in Securities of the Issuer.
(a)
(1) Reporting Persons
Number of shares: 604,565
Percentage of shares: 20.2349% (5)
(2) Buick
Number of shares: 604,565
Percentage of shares: 20.2349% (5)
CUSIP No. 381119106 Page 8 of 11 Pages
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(3) Trishield Partners
Number of shares: 604,565
Percentage of shares: 20.2349% (5)
(4) Trishield Capital
Number of shares: 604,565
Percentage of shares: 20.2349% (5)
(5) Trishield Fund
Number of shares: 604,565
Percentage of shares: 20.2349% (5)
(5) Based on 2,987,735 outstanding shares of Common Stock of the Company as of
May 11, 2009, as reported in the Company's Quarterly Report on Form 10-Q,
filed with the Securities and Exchange Commission on May 11, 2009
(b)
(1) Buick
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 604,565 shares
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition:
604,565 shares
(2) Trishield Partners
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 604,565 shares
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition:
604,565 shares
CUSIP No. 381119106 Page 9 of 11 Pages
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(3) Trishield Capital
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 604,565 shares
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition:
604,565 shares
(4) Trishield Fund
Sole power to vote or direct the vote: 0
Shared power to vote or direct the vote: 604,565 shares
Sole power to dispose or to direct the disposition: 0
Shared power to dispose or direct the disposition:
604,565 shares
Buick is the managing member of each of Trishield Partners and Trishield
Capital. Trishield Partners is the managing member of Trishield Fund. Trishield
Capital is the investment manager of Trishield Fund.
(c) The following table sets forth the transaction effected by the Reporting
Persons in the shares of Common Stock of the Company during the 60 days prior to
the date of filing of this Schedule 13D. All such transactions were purchases of
the Company's Common Stock in open market transactions.
---------------------------- ------------------------------ ----------------------------- ----------------------------
Date Buyer Number of Shares of Common Per Share Price
Stock Purchased
---------------------------- ------------------------------ ----------------------------- ----------------------------
May 12, 2009 Trishield Fund 5,500 $1.2673
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May 14, 2009 Trishield Fund 6,000 $1.3200
---------------------------- ------------------------------ ----------------------------- ----------------------------
May 15, 2009 Trishield Fund 55,000 $1.2400
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May 18, 2009 Trishield Fund 18,000 $1.2850
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May 19, 2009 Trishield Fund 63,000 $1.2680
---------------------------- ------------------------------ ----------------------------- ----------------------------
May 21, 2009 Trishield Fund 300,000 $1.7500
---------------------------- ------------------------------ ----------------------------- ----------------------------
(d) No other person has the right to receive or the power to direct the receipt
of dividends from, or the proceeds from the sale of, the Common Stock held by
the Reporting Persons.
CUSIP No. 381119106 Page 10 of 11 Pages
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Item 6. Contracts, Arrangements, Understandings or Relationships with
respect to Securities of the Issuer.
Except as otherwise set forth herein, the Reporting Persons do not have any
contract, arrangement, understanding or relationship with any person with
respect to the securities of the Company.
Item 7. Material to be Filed as Exhibits.
Exhibit 99.1 Joint Filing Agreement dated as of June 22, 2009 by and among
the Reporting Persons.
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: June 22, 2009
/s/ Alan Jeffrey Buick Jr.
--------------------------
Alan Jeffrey Buick Jr.
TRISHIELD PARTNERS LLC
By: /s/ Alan Jeffrey Buick Jr.
--------------------------
Name: Alan Jeffrey Buick Jr.
Title: Managing Member
TRISHIELD CAPITAL MANAGEMENT LLC
By: /s/ Alan Jeffrey Buick Jr.
--------------------------
Name: Alan Jeffrey Buick Jr.
Title: Managing Member
TRISHIELD DISTRESSED SECURITIES FUND LLC
By: Trishield Partners LLC, its managing member
By: /s/ Alan Jeffrey Buick Jr.
-----------------------------------
Name: Alan Jeffrey Buick Jr.
Title: Managing Member
Exhibit 99.1
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as
amended, the undersigned hereby agree to the joint filing on behalf of each of
them of a statement on Schedule 13D (including amendments thereto) with respect
to the Common Stock of Golden Minerals Company and that this Agreement be
included as an Exhibit to such joint filing. This Agreement may be executed in
any number of counterparts all of which taken together shall constitute one and
the same instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 22nd day
of June, 2009.
/s/ Alan Jeffrey Buick Jr.
--------------------------
Alan Jeffrey Buick Jr.
TRISHIELD PARTNERS LLC
By: /s/ Alan Jeffrey Buick Jr.
--------------------------
Name: Alan Jeffrey Buick Jr.
Title: Managing Member
TRISHIELD CAPITAL MANAGEMENT LLC
By: /s/ Alan Jeffrey Buick Jr.
--------------------------
Name: Alan Jeffrey Buick Jr.
Title: Managing Member
TRISHIELD DISTRESSED SECURITIES FUND LLC
By: Trishield Partners LLC, its managing member
By: /s/ Alan Jeffrey Buick Jr.
-----------------------------------
Name: Alan Jeffrey Buick Jr.
Title: Managing Member